TECL vs. ALAI ETF Comparison

Comparison of Direxion Technology Bull 3X Shares (TECL) to Alger AI Enablers & Adopters ETF (ALAI)

TECL

Direxion Technology Bull 3X Shares

TECL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Technology Select Sector Index. The fund creates long positions by investing at least 80% of its assets in the securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index includes domestic companies from the following industries: computers & peripherals; software; diversified telecommunications services; communications equipment; semiconductors & seminconductor equipment; internet software & services; IT services; etc. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.37

Average Daily Volume

1,051,788

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ALAI

Alger AI Enablers & Adopters ETF

ALAI Description

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Grade (RS Rating)

Last Trade

$25.12

Average Daily Volume

9,904

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TECL	ALAI
30 Days	5.59%	9.07%
60 Days	16.49%	15.76%
90 Days	11.65%	18.42%
12 Months	66.48%

10 Overlapping Holdings

Symbol	Grade	Weight in TECL	Weight in ALAI	Overlap
AAPL	C	8.82%	11.09%	8.82%
ADBE	C	1.48%	1.2%	1.2%
AMD	F	1.61%	1.01%	1.01%
AVGO	C	2.88%	4.14%	2.88%
CDNS	B	0.55%	0.56%	0.55%
DELL	C	0.26%	0.58%	0.26%
MSFT	C	8.06%	11.86%	8.06%
MU	D	0.84%	0.88%	0.84%
NOW	A	1.39%	0.68%	0.68%
NVDA	A	9.34%	10.98%	9.34%

TECL Overweight 58 Positions Relative to ALAI

Symbol	Grade	Weight
CRM	B	2.0%
ORCL	A	1.98%
CSCO	A	1.56%
ACN	B	1.5%
TXN	B	1.32%
IBM	D	1.31%
QCOM	F	1.28%
INTU	A	1.25%
AMAT	F	1.07%
PANW	B	0.83%
PLTR	B	0.75%
ADI	D	0.75%
ANET	C	0.74%
INTC	C	0.74%
LRCX	F	0.69%
KLAC	F	0.61%
APH	B	0.59%
SNPS	C	0.58%
MSI	B	0.52%
CRWD	B	0.51%
ADSK	B	0.44%
ROP	A	0.41%
NXPI	F	0.4%
FTNT	B	0.35%
FICO	B	0.35%
IT	B	0.28%
MCHP	F	0.27%
CTSH	A	0.27%
GLW	B	0.25%
MPWR	F	0.25%
HPQ	B	0.24%
ON	F	0.21%
ANSS	B	0.21%
HPE	B	0.19%
KEYS	C	0.19%
CDW	F	0.18%
GDDY	B	0.17%
NTAP	D	0.17%
TYL	B	0.17%
STX	D	0.15%
TDY	B	0.15%
PTC	B	0.15%
WDC	D	0.15%
ZBRA	B	0.14%
FSLR	F	0.14%
TRMB	B	0.12%
TER	F	0.12%
AKAM	F	0.11%
GEN	B	0.11%
SWKS	F	0.1%
JBL	C	0.1%
VRSN	C	0.1%
SMCI	F	0.09%
JNPR	D	0.09%
EPAM	B	0.09%
FFIV	B	0.09%
ENPH	F	0.06%
QRVO	F	0.05%

TECL Underweight 31 Positions Relative to ALAI

Symbol	Grade	Weight
AMZN	A	-8.81%
META	B	-6.72%
APP	B	-4.79%
SPGI	C	-2.88%
TSM	C	-2.57%
GOOG	C	-2.33%
VRT	B	-2.18%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	B	-1.42%
ISRG	A	-1.4%
EQIX	B	-1.34%
NFLX	A	-1.34%
NRG	C	-1.02%
SPOT	A	-1.0%
ASML	D	-0.81%
SE	B	-0.8%
PINS	F	-0.79%
NTRA	B	-0.74%
TSLA	B	-0.63%
MRVL	B	-0.48%
UBER	F	-0.47%
DLR	C	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	B	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%
HUBS	B	-0.2%